Mohali (Punjab), June 26, 2025 (ANI): Public Prosecutor on June 26 said that court has granted 7 days of police remand to Shiromani Akali Dal (SAD) leader Bikram Singh Majithia. Notably, Punjab Vigilance Bureau on June 25 arrested Shiromani Akali Dal leader Bikram Singh Majithia for allegedly laundering more than Rs 540 crore of alleged “drug money”. “... When he became a minister in 2007, his company - Saraya Industries, operating since the 1950s under his grandfather and father - saw a sudden surge of 200% to 300% in cash deposits... This resulted in an unexplained difference of Rs 161 crore, not accounted for in any balance sheet... During his second term as a minister in 2012-13, the company deposited Rs 1342 crore while the official records showed only Rs 1106 crore, leaving an unaccounted difference of Rs 236 crores. Loan received from a foreign country was either not returned, or a one-time settlement was done with a profitable company... Discrepancies of Rs 1.5 crore were found in personal assets, all totalling to Rs 540 crore... Additionally, the court was informed that he had been threatening investigation officers during his arrest and this was captured in the video evidence... Therefore, the court granted 7 days of police remand... This is a fresh case of disproportionate assets that emerged during an SIT-led investigation...,” said Public Prosecutor.
